NOT LISTED FOR SALE

511 Hoot Owl Way Gatlinburg, TN 37738

Estimated Value: $340,000 - $415,000

1 Bed
1 Bath
576 Sq Ft
$658/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $194,000 $337 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,137/month

1 Day on Market

Highlights

  • Pool and Spa
  • Deck
  • Cathedral Ceiling
  • Gatlinburg Pittman High School Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of September 2020

Welcome to Snuggle Bear, a beautifully appointed income-generating one-bedroom cabin in the well-established Mountain Shadows Resort. It is super-convenient to Gatlinburg and multiple entrances to the Great Smoky Mountains National Park. Bonus: via the Parkway or the nearby access to back roads you can also be in Pigeon Forge in about 20 minutes. This cabin has all you need for a private getaway or honeymoon and it is a very short walk to the neighborhood pool. This lovely property boasts quality furnishings and decor and a cozy two-sided gas fireplace to enjoy from the living area or the bedroom. Relax on the private back deck as you gaze into the woods or soak in the hot tub. The roof and the water heater are only one year old, and the dishwasher is newer too! Mountain Shadows has some of the lowest HOA fees in the area, yet covers a lot that other resorts charge much more for. In addition to the pool, owners and their guests can enjoy the pavilion and play area, as well. What a special opportunity to own an affordable investment property or getaway in the Smoky Mountains!

Last Agent to Sell the Property

SHAWN SOMERFIELD

Mountain Realty Group License #318260 Listed on: 08/07/2020

Last Buyer's Agent

SHAWN SOMERFIELD

Mountain Realty Group License #318260 Listed on: 08/07/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $547

Year Built

  • Built in 2001

Lot Details

  • Property fronts a private road
  • Wooded Lot
  • Property is zoned C-2

HOA Fees

  • $60 Monthly HOA Fees

Home Design

  • Log Cabin
  • Composition Roof
  • Log Siding
  • Block And Beam Construction

Interior Spaces

  • 576 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Great Room
  • Wood Flooring
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Soaking Tub

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Pool and Spa
  • Deck
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 42

Community Details

Overview

  • Association fees include insurance, ground maintenance, roads
  • Mountain Shadows Resort HOA
  • Mtn Shadow Resort Subdivision
  • On-Site Maintenance

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$547

Year Built

Built in 2001

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Zoning: C-2
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLotFeatures: Wooded
  • ResoPoolFeatures: Hot Tub, Private
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Pool
  • Reso Association Fee Includes: Insurance, Maintenance Grounds, Roads
  • Pets Allowed: Yes
  • Subdivision Name: Mtn Shadow Resort
  • Above Grade Finished Sq Ft: 576.0
  • Architectural Style: Cabin, Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: One
  • ResoWindowFeatures: Double Pane Windows, Window Treatments
  • Location Tax and Legal Tax Lot2: 42
  • Location Tax and Legal:Tax Annual Amount: 547.2
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Above Grade Finished Area: 576.0
  • General Property Information Bonus Room YN2: No
  • General Property Information:Furnished: Furnished
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Association Amenities Pool2: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Interior Features Great Room2: Yes
  • Pool Features Private4: Yes
  • Roof:Composition: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Room Types Great Room: Yes
  • Room Types Great Room Level: 1
  • Room Types Primary Bedroom Level: 1
  • Utilities:Cable Available: Yes
  • Levels:One: Yes
  • Road Frontage Type:Private Road: Yes
  • Pool Features Hot Tub: Yes
  • Pets Allowed:Yes: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, None
  • Appliances: Dishwasher, Electric Range, Microwave, Range Hood, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Great Room, High Speed Internet, Soaking Tub
  • Street Number Modifier: 511
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log, Insert
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Basement:Crawl Space: Yes
  • Basement:None3: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Insert: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Home Warranty: No
  • Construction Type: Block, Log
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Window Treatments: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Block: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association Fee: 60.0
  • Association Fee Frequency: Monthly
  • Association Name: Mountain Shadows Resort HOA
  • Association: No

Association/Amenities

  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 547.2
  • Tax Lot: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2023
Sold by
Lattimer Mitchell Lee and Lattimer Barbara S
Bought by
Lugo Jose L and Lugo Ana I
Current Estimated Value
$379,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,560
Outstanding Balance
$354,883
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$24,305

Purchase Details

Listed on
Aug 7, 2020
Closed on
Sep 22, 2020
Sold by
Ndira Inc
Bought by
Lattimer Mitchell Lee and Lattimer Barbara S
Seller's Agent
SHAWN SOMERFIELD
Mountain Realty Group
Buyer's Agent
SHAWN SOMERFIELD
Mountain Realty Group
List Price
$199,900
Sold Price
$194,000
Premium/Discount to List
-$5,900
-2.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%
Original Mortgage
$194,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Mar 23, 2012
Closed on
Sep 6, 2012
Sold by
Lankford Francis Wayne
Bought by
Ndira Inc
Seller's Agent
STEVE BIERITZ
WEARS VALLEY REALTY GROUP
Buyer's Agent
STEVE BIERITZ
WEARS VALLEY REALTY GROUP
List Price
$137,000
Sold Price
$107,000
Premium/Discount to List
-$30,000
-21.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.66%

Purchase Details

Closed on
Mar 21, 2011
Sold by
Snuggle Bear
Bought by
Lankford Francis Wayne and Lankford Diane S

Purchase Details

Closed on
May 23, 2007
Sold by
Wayne Lankford
Bought by
Snuggle Bear Llc

Purchase Details

Closed on
Jan 23, 2007
Sold by
Jpmorgan Chase Bank
Bought by
Wayne Lankford
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lugo Jose L $460,000 Maryville Title
Lattimer Mitchell Lee $194,000 Tennessee Land Title
Ndira Inc $107,000 --
Lankford Francis Wayne -- --
Snuggle Bear Llc -- --
Wayne Lankford $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lugo Jose L $364,560
Previous Owner Lattimer Mitchell Lee $194,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/24/2020 12/24/20 Off Market $194,000 -- --
09/25/2020 09/25/20 Sold $194,000 -3.0% $337 / Sq Ft
08/07/2020 08/07/20 For Sale $199,900 +86.8% $347 / Sq Ft
12/05/2015 12/05/15 Off Market $107,000 -- --
09/06/2012 09/06/12 Sold $107,000 -21.9% $186 / Sq Ft View Prior Sale
08/24/2012 08/24/12 Pending -- -- --
03/23/2012 03/23/12 For Sale $137,000 -- $238 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,055 $71,280 $13,800 $57,480
2024 $1,055 $71,280 $13,800 $57,480
2023 $1,055 $71,280 $0 $0
2022 $715 $44,550 $8,625 $35,925
2021 $715 $44,550 $8,625 $35,925
2020 $546 $44,550 $8,625 $35,925
2019 $547 $27,100 $8,625 $18,475
2018 $547 $27,100 $8,625 $18,475
2017 $547 $27,100 $8,625 $18,475
2016 $547 $27,100 $8,625 $18,475
2015 -- $27,825 $0 $0
2014 $498 $27,823 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    SHAWN SOMERFIELD

    Mountain Realty Group

    Section Image

  • S

    Seller's Agent in 2012

    STEVE BIERITZ

    WEARS VALLEY REALTY GROUP

See All Agents

Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 229580

Great Smoky Mountains Association of REALTORS®

APN: 117M-E-001.00-042

Tennessee Sevier County Gatlinburg 37738

511 Hoot Owl Way, Gatlinburg, TN

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